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  • September 27 2019 90% of businesses say employee legislation is confusing or contradictory

    New research from the Australian Payroll Association has found that more than 9 in 10 organisations find government legislation or employee awards difficult to interpret, with most agreeing that many of these clauses need to be revised or made simpler. The finding was derived from a survey of 520 payroll managers across a mix of large Read More…

  • September 27 2019 National cash-flow crisis for small businesses

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell says fresh data reveals the extent of the cash flow crisis for small and medium-sized businesses in Australia. The latest SME Growth Index has found one in five SMEs are experiencing cash flow problems due to business loans being rejected. According to the data, the Read More…

  • September 24 2019 Female ASX 200 CEOs figures fall

    A study shows the percentage of businesswomen at the helm of the top 200 ASX-listed companies has gone backwards in the past year. Australia’s finance sector is struggling to shake its male-dominated image, with the number of female ASX 200-listed CEOs falling in the past 12 months. Woman accounted for 6.0 per cent of chief executive Read More…

  • September 23 2019 Stripe expands global infrastructure with new funding round

    Stripe, which builds economic infrastructure for the internet, is raising $250 million in additional funding—at a new pre-money valuation of $35 billion—from investors including General Catalyst, Sequoia, and Andreessen Horowitz, among others. Stripe will use the capital to accelerate its growth in three key areas: accelerating international expansion; growing its product suite; and extending its Read More…

  • September 20 2019 Big four consensus on RBA cut in October

    All four of the big banks expect another cut to the country’s cash rate when the Reserve Bank of Australia meets on October 1. NAB analysts on Friday revised their initial forecasts of cuts in November and February to October and December, predicting the cash rate – currently at a record low of 1.0 per Read More…

  • September 19 2019 Wage-stealing bosses to face criminal laws

    Bosses who deliberately steal money from their employees’ pay will face criminal penalties, but genuine mistakes won’t be punished. But Attorney-General Christian Porter says employers who make genuine mistakes and fix them quickly will avoid a criminal record. The coalition government is releasing a discussion paper on Thursday looking for community feedback about wage theft. Read More…

  • September 17 2019 Coffee Club outlet faces wage accusations

    The operator of a Victorian Coffee Club franchise is being taken to court after allegedly underpaying two workers more than $15,400 and proving false records. Two staff allegedly underpaid more than $15,400 at a popular coffee chain outlet have started legal action against the Victorian operator. Edison Peng and his company JMSL Pty Ltd, which Read More…

  • September 17 2019 Labor’s bid to scrap casual rule defeated

    Labor senator Don Farrell’s push to disallow a government regulation protecting businesses from paying casual loadings and permanent entitlements has failed. Employers have welcomed the Senate defeating Labor’s bid to sink a Morrison government regulation that stops casual workers from “double dipping” on leave entitlements. The coalition announced the regulation last year in response to a Read More…

  • September 12 2019 Businesses warn against religious laws

    Under new draft laws, businesses with annual revenues of $50 million or more will face stricter controls on firing workers for expressing religious views in breach of their employment agreements. The legislative change is designed to placate concerns about the recent sacking of Australian rugby player Israel Folau for sharing controversial religious views on social Read More…

  • September 9 2019 ‘Stupid idea’ wins prestigious Telstra Business Award

    An idea that was rejected by an industry stalwart as the “the stupidest thing I’ve ever heard” has been awarded the 2019 Telstra Business Award.  Future Golf which was launched by, Ali Terai in 2014 with a simple Facebook post and $100 website has turned into a game-changer, quite literally, for Australian golfers. Terai was Read More…

  • September 9 2019 Sydney’s lockout laws will be lifted to reawaken night-time economy

    The NSW premier will scrap the controversial lockout laws for most of the CBD by the end of the year but the lockouts will remain in place in Kings Cross. The NSW premier is planning on scrapping Sydney’s lockout laws for most of the CBD but the move has been slammed by critics who argue Read More…

  • September 6 2019 Sustainable bandages wrap up 2019 Telstra Victorian Business of the Year

    A Cheltenham-based business that has created a range of all-natural bandages which are sold to 35 countries has been named the 2019 Telstra Victorian Business of the Year. Inspired by his son’s sensitivity to typical bandages, Nutricare founder and CEO James Dutton set out to create a natural product that is sustainable, environmentally conscious and Read More…

  • September 5 2019 Annual economic growth slows to 1.4%

    Australia’s economy expanded by 0.5 per cent in the June quarter and by just 1.4 per cent annually. The Australian economy expanded by 0.5 per cent in the June quarter as annual growth slowed to a fresh post-GFC low 1.4 per cent. The quarterly increase was the same as the revised March quarter data and Read More…

  • September 4 2019 Uber Eats rival DoorDash launches in Melbourne

    Meal delivery service DoorDash is taking orders in Melbourne in its first foray outside North America. Meal delivery service DoorDash is taking orders in Melbourne in its first foray outside North America, adding to the competition in Australia’s home-delivery service market. The biggest US food delivery company will from Wednesday take on Uber Eats, Menulog Read More…

  • September 3 2019 RBA holds cash rate at record low 1.0%

    The Reserve Bank of Australia has held the cash rate at a record low 1.0 per cent. The Reserve Bank has held the cash rate at a record low 1.0 per cent as it continues to monitor the effect of cuts in June and July. The decision at Tuesday’s monthly board meeting was widely expected Read More…